By Svea Herbst-Bayliss NEW YORK (Reuters) – Hedge fund Arex Capital Management is urging Enhabit to put itself up for sale and wants the home health and hospice provider to begin a strategic review to help reverse a 50% slide in its share price, according to a letter seen by Reuters. Enhabit is already interviewing …
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By Nell Mackenzie LONDON (Reuters) -Odey Asset Management (OAM) is closing one fund and restricting money clients can pull from another, two investor letters showed, just as the hedge fund was scrambling on Tuesday to keep its prime brokers from ending vital relationships with the firm. These developments follow allegations of sexual misconduct by its …
Odey Asset Management freezes funds as clients pull money, prime brokers flee Read More »
By Chris Taylor NEW YORK (Reuters) – For American kids, summer camps can conjure up some idyllic experiences: Canoeing on lakes, munching on s’mores by campfires. For parents trying to get their kids into popular camps, the vibe can be a little different: More like “The Hunger Games.” Just ask Ellen Sheng, a writer and …
Why finding a camp for your kid is this summer’s madness Read More »
By Chris Taylor NEW YORK (Reuters) – Consumers facing high asset prices and rising interest rates have a few loan options. None are particularly attractive. Buyers of homes or new cars might be better off waiting. But if you must go ahead, either face taking on a big monthly payment, or stretching out the loan term to …
Forever in debt: Why U.S. loans are getting longer Read More »
LONDON (Reuters) – Veteran British stock-picker Richard Buxton is set to retire from Jupiter Asset Management at the end of the summer, the company said in a statement on Friday. Over a career spanning nearly four decades Buxton became one of Britain’s highest profile fund managers, rising up the ranks in the industry through stints …
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By Milana Vinn, Abigail Summerville and David Carnevali NEW YORK (Reuters) – Barclays Chief Executive C.S. Venkatakrishnan held a virtual town hall this week to address management changes that have led to about two dozen U.S. investment bankers fleeing in the last few weeks, people familiar with the matter said. The bankers have left for …
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(Reuters) -Nvidia Corp on Thursday was set to break Tesla Inc’s streak of being the most traded stock by retail traders in every session since Nov. 4, according to J.P. Morgan data. Shares of Nvidia jumped 27%, approaching a $1 trillion market value, after the U.S. chip designer projected quarterly revenue more than 50% above …
Nvidia set to be retail favorite after Tesla’s six-month streak Read More »
By Chris Taylor NEW YORK (Reuters) – As any fan of spy thrillers knows, there is only one place to put your really valuable stuff: A safe deposit box. But even if you are not Jason Bourne – who needs somewhere to store his multiple passports, guns, and stacks of foreign cash – safe deposit …
Boxed Out: Why safe deposit boxes are harder to find Read More »
By Ross Kerber (Reuters) – State Street Corp will offer retail fund investors proxy voting choices, the firm said on Monday, moving ahead of rivals with a strategy that could blunt criticism of index funds’ environmental, social and governance (ESG) policies. By the end of 2024, the firm’s asset-management arm, State Street Global Advisors, aims …
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By Chris Taylor NEW YORK (Reuters) – When Hayley Woodin was thinking of giving back to the community while taking her career to the next level, one option stood out: serving on a board of directors. Woodin, the editor-in-chief of Canada’s “Business In Vancouver” newspaper, jumped at the opportunity when one of the region’s largest …
